111 West 57th Street is a few blocks west of 432 Park on New York's famous Billionaires' Row. The building's developer bought the land leases, as well as 45,000 square feet of air rights and a neighboring property, for $131.5 million back in 2013.

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Here's a rendering of the completed building. The tower will have three high-speed elevators and a hotel inside as well as 45 luxury apartments.

Courtesy of Relevance New York
Above the hotel, each floor of 111 West 57th St. will be a single 5,000-square-foot apartment with views of Central Park. The now 1,421-foot tower will absolutely dominate its surroundings.